Fashion retailer Truworths' annual profit rises as lockdown eases

Fashion retailer Truworths International Ltd reported a 26.8% increase in annual profit on Thursday as COVID-19 lockdown restrictions eased in South Africa.

The retailer, which also owns UK-based shoe chain Office, said headline earnings per share, the main profit measure in South Africa, rose to 520.3 cents in the 52 weeks ended June 27 from 410.4 cents in the prior comparable period.

South Africa-based Truworths declared a final cash dividend of 118 cents, up from 31 cents in 2020.